Why this should be a shallow correction

Mid-week market update: I had been expecting a choppy January for stock prices, and current market action has not disappointed. Investors came into 2024 all bulled up, but rising rates eventually spooked stock prices. It all came to a head with Fed Governor Waller’s speech, in which he stated that the Fed is pivoting to an easing cycle, but the market expectations may have gotten ahead of themselves.

The S&P 500 has weakened into a support zone, while the 10-year Treasury yield is nearing a resistance zone. 

The full post can be found here.

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